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Dec 3, 2012
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americans are piling into u.s. gold coins in record numbers. november sales more than tripling hitting the strongest levels since 1998. as you can see in the start qe 3 and president obama's reelection are two of the biggest drivers. can gold coins be the ultimate. let's bring in dennis gartman who joins us on the fast line. always grade to speak with you. >> always good to be spoken with. >> that's what i'm talking about. we are entering a seasonally strong period already. just a seasonal uptick. >> we have had the indian wedding season pass us up. i think you have the public piling into gold which happens. and we have to be careful because when the public comes into something the pros think that is the end of the move. the last time we saw gold coin sales of this consequence was in 2008 and gold moved from $900 an ounce to $1,700 an ounce. i will council people to be careful when buying gold coins because the markup on gold coins can be preposterous, stupid, egregious, silly. >> like what? i don't know how much these things weigh. how much is
americans are piling into u.s. gold coins in record numbers. november sales more than tripling hitting the strongest levels since 1998. as you can see in the start qe 3 and president obama's reelection are two of the biggest drivers. can gold coins be the ultimate. let's bring in dennis gartman who joins us on the fast line. always grade to speak with you. >> always good to be spoken with. >> that's what i'm talking about. we are entering a seasonally strong period already. just a...
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Dec 12, 2012
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but they like the u.s. best. and in currencies, blackrock is all about being a dollar bull. so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a conclusion to this. even if it waits until the last minute. even if it is in january, what it is going to mean is slow growth. it may mean that we lose the entire first quarter because everybody is still worrying and talking about the issue. and here we go, clients again, investing in a time when they need to be invested. >> he also thinks if we go over the cliff it might trig ear recession. what about the fed? as you know, it announced those big moves today. tying any move in rates to the unemployment rate. are we in a bond double? we will hear from blackrock's chief investment officers of fundamental
but they like the u.s. best. and in currencies, blackrock is all about being a dollar bull. so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a...
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Dec 27, 2012
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weakness in the u.s. dollar. greenback nearing an eight-month low against the euro and approaching fiscal cliff. slight uptick in home prices here in the u.s. also giving a boost to crude in wednesday's trade. of course now investors will be looking ahead to tomorrow's weekly inventory report. drawdowns of crude as well as -- supplies are expected and we are expecting an uptick in gasoline inventories. forecasts for last week. >> price of natural gas at the same time, we talked so much about this explosion, ability to get natural gas. how is that playing out? >> it is, you know, again, weather related. couple of things there. colder weather gives a lift to natural gas in that case. at the same time, supplies expanding and they are counter-bailing force was natural gas at this point. >> mary thompson, thanks so much. >>> few days ago cnbc host piers morgan appeared on "the kudlow report" to defend his strong and often nasty attacks on american gun laws. and that is sparking a backlash. a petition to have piers mor
weakness in the u.s. dollar. greenback nearing an eight-month low against the euro and approaching fiscal cliff. slight uptick in home prices here in the u.s. also giving a boost to crude in wednesday's trade. of course now investors will be looking ahead to tomorrow's weekly inventory report. drawdowns of crude as well as -- supplies are expected and we are expecting an uptick in gasoline inventories. forecasts for last week. >> price of natural gas at the same time, we talked so much...
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Dec 29, 2012
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are there reasons that are not so obvious here in the u.s. or abroad? and does this have any affect on stocks? >> no, not really. when i was a couple years ago at thestreet.com, the symbol was tsm and the ceo wanted to a symbol face lift and i picked tst. it was just a change of face. companies want to change their names. really the fundamentals that matter. let's go to rich in new york. >> caller: hi, jim. for a beginning investor new to the stock market, would you advise shorting stock? and could you explain how one would make money trading in that manner? >> no, i do not advise shorting stock. losses can be infinite. i would prefer you to buy puts and you protect your upside sales call. and you protect your down side, and go back to getting even. i describe in 100 pages how it's better to buy puts. we know the key things to look for. great stocks to buy, insider buying is one of them, particularly when there is a heavy short position. that can often be a combustible situation that can explode to the upside. stay with cramer. >>> nobody is more passio
are there reasons that are not so obvious here in the u.s. or abroad? and does this have any affect on stocks? >> no, not really. when i was a couple years ago at thestreet.com, the symbol was tsm and the ceo wanted to a symbol face lift and i picked tst. it was just a change of face. companies want to change their names. really the fundamentals that matter. let's go to rich in new york. >> caller: hi, jim. for a beginning investor new to the stock market, would you advise shorting...
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Dec 4, 2012
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it just doesn't happen to be one of the u.s. military's. the u.s. navy claims that all its scan eagle drones have been accounted for. the iranians have said they captured the drone, they claim, by taking it over electronically as it was flying over u.s. air space. now, the problem with this is that scan eagle drones are pretty common in that region. when it comes to technology, they're at the very low end of the scale. they're readily available to almost every government in the region. many gulf states have them. intelligence indicates that the iranians either stole or perhaps bought this from under the table from some gulf state nation. but it doesn't appear that according to the u.s. navy, anyway, that there's any truth to the claims that the iranians actually seized a u.s. navy drone. >> all right, jim. thanks very much. >> we want to get to mary thompson. we have more breaking news right now on the arrest of a trader. mary. >> hey there, bill. this is about a securities trader, david miller. he's been arrested for wire fraud and charged with wir
it just doesn't happen to be one of the u.s. military's. the u.s. navy claims that all its scan eagle drones have been accounted for. the iranians have said they captured the drone, they claim, by taking it over electronically as it was flying over u.s. air space. now, the problem with this is that scan eagle drones are pretty common in that region. when it comes to technology, they're at the very low end of the scale. they're readily available to almost every government in the region. many...
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Dec 19, 2012
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symbol x, u.s. steel. i would like to add it to the portfolio. >> look, i think there was a deal in how we need this tubing that they make. but nucor today said things weren't looking that good and the stock is still up. that tells me, nucor is a better bet. jeff in san diego. >> honeywell. >> the stock hit a 52 week high today. let it come in. let's go to steve in michigan. >> booyah jim. my stock is cleveland cliff. it is paying about a 7% dividend. is it a value trap or a buy? >> get out by year end. let's go to mike in california. >> booyah from san luis obispo. i'm a first time caller. thank you for making it about the market. i bought hca. >> i think the situation is getting better. if i want healthcare i would prefer to be in bristol myers. i like to sleep at night. i understand why hca people are coming back because of health care. ed in new york. >> thank you for taking my call. i was wondering about groupon as a speculative play. >> i'm wondering about what deal they gave me today. they have a lo
symbol x, u.s. steel. i would like to add it to the portfolio. >> look, i think there was a deal in how we need this tubing that they make. but nucor today said things weren't looking that good and the stock is still up. that tells me, nucor is a better bet. jeff in san diego. >> honeywell. >> the stock hit a 52 week high today. let it come in. let's go to steve in michigan. >> booyah jim. my stock is cleveland cliff. it is paying about a 7% dividend. is it a value trap...
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Dec 10, 2012
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the u.s., you don't have that opportunity. you are concerned about what the future has. we don't know what is going to happen going forward. >> as an invest over, are we living in a more risky environment now than ever? we grew up thinking america was the top of the world, best credit in the world, reserved currency. are things changing with regards to that? >> yeah, i think it is. i think the mind-set has changed. >> do you keep your money here or move it elsewhere. >> i think the u.s. is one of the most attractive places to invest in the world. it continues to serve us. i see the united states as being a great opportunity for invest many going forward and i continue to see opportunities around residential real estate. it'll continue to be that way. we are continuing to recover. >> when will the australian economy completely crash? i only did that because of her clear anti-american sentiment, by the way. >> i have chose to live in this fine country. god bless america. >> she is always making
the u.s., you don't have that opportunity. you are concerned about what the future has. we don't know what is going to happen going forward. >> as an invest over, are we living in a more risky environment now than ever? we grew up thinking america was the top of the world, best credit in the world, reserved currency. are things changing with regards to that? >> yeah, i think it is. i think the mind-set has changed. >> do you keep your money here or move it elsewhere. >>...
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Dec 4, 2012
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that the company's tea are contaminated with pesticides to the point where 100 of the samples violate u.s. laws. the company is sticking to its story that it sticks to the standards. by my colleague says that there are a huge number of hedge funds believe that the deal could fall through. they are thinking it is ortho. we will be listening when starbuck's talks about teavana tomorrow. let me give you the outline so you can understand why i'm so bullish about the stock. it is a high quality growth stock in a low-bogrowth world. they are putting up into stores all over the world. i expect to hear it is doing better than young. starbu starbuck's has high end stores may seem like there is a starbuck's in every corner in america. it is the highest quality of problems it needs to keep the lines shorter. i know they don't control the airports but please, add like five starbucks to every airport that i've been to. the company is improving the efficiency of the stores. they have the pods that you put in the keurig. and now they have the sumatra. they have the keurig the barismo. it could be a good
that the company's tea are contaminated with pesticides to the point where 100 of the samples violate u.s. laws. the company is sticking to its story that it sticks to the standards. by my colleague says that there are a huge number of hedge funds believe that the deal could fall through. they are thinking it is ortho. we will be listening when starbuck's talks about teavana tomorrow. let me give you the outline so you can understand why i'm so bullish about the stock. it is a high quality...
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Dec 12, 2012
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we believe that u.s. oil production is entirely due to the horizontal drilling in the shales is going to grow by about 2 million barrels a day in aggregate for the whole industry over about a four-year period, 2011 through 2015. and that's going to be the largest growth we've seen in a long time. even today, we're at a peak production that we haven't seen for 15 years in the united states due to this horizontal drilling boom. it's taken us a long way. and i believe by 2020 we have a real good chance in the u.s. to be north american oil independent. and fundamentally what that means is we won't be relying on opeq oil imports by 2020. we're going rely on canadian imports plus burgeoning u.s. production. that is a major major change in the united states energy picture. >> now mark, one of the things that i've learned from you is that the numbers that we often see are radically understated. the government will put out numbers. it seems like every time they put out numbers they're well behind. what is the disc
we believe that u.s. oil production is entirely due to the horizontal drilling in the shales is going to grow by about 2 million barrels a day in aggregate for the whole industry over about a four-year period, 2011 through 2015. and that's going to be the largest growth we've seen in a long time. even today, we're at a peak production that we haven't seen for 15 years in the united states due to this horizontal drilling boom. it's taken us a long way. and i believe by 2020 we have a real good...
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Dec 26, 2012
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it expects u.s. debt to rise to 105% of gdp this year and warns the country will probably fall into recession in 2013 if there's no resolution to the fiscal cliff. last year, it cut u.s. treasuries from a to a-plus with a negative outlook. >>> and the holiday shopping season is drying to a close. early numbers suggest what started out strong is ending with a whimper. mastercard spending pulse unit estimates sales rose .7% over the past two months, which would be the weakest pace since 2008 during the financial crisis. many analysts had expected sales to rise 3% to 4%. several events may have, of course, pushed consumers to spend less this season including hurricane sandy and concerns about how tax hikes from the fiscal cliff could impact their wallets. joining us for more on the numbers is michael mcnamara of mastercard advisers. great to have you with us. many analysts, retailers had high hopes for the season. i think it's looking weaker than expected. of course we had hurricane sandy and we're deal
it expects u.s. debt to rise to 105% of gdp this year and warns the country will probably fall into recession in 2013 if there's no resolution to the fiscal cliff. last year, it cut u.s. treasuries from a to a-plus with a negative outlook. >>> and the holiday shopping season is drying to a close. early numbers suggest what started out strong is ending with a whimper. mastercard spending pulse unit estimates sales rose .7% over the past two months, which would be the weakest pace since...
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Dec 5, 2012
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we want to know how the u.s. business is doing. and you need to hear about international. europe and especially china. starbucks is competing with keurig. don't forget, green mountain, it has been up huge. starbucks should tell us what it is going to do with its cash. maybe a special dividend. they have the cash to do it. i prefer them to grow with the money. this is a major bone of contention with the bulls. i think starbucks branching out is good. the bears, they seem to think that the coffee could be played out. starbucks will tell us about the new juice store concept and the bakery chain. maybe it will give us insight to what could end up being one of the three top markets for starbucks. india. i can't wait to hear about the projections about india. and of course they need to address teavana. i thought this could be a terrific move. teavana gives the company a chain of tea stores that seem to be quite popular. the earnings as early at 2013. not just the cute tea bags. like i want to add some hot tea. i think it could turn out to be howard's third place. this time for t
we want to know how the u.s. business is doing. and you need to hear about international. europe and especially china. starbucks is competing with keurig. don't forget, green mountain, it has been up huge. starbucks should tell us what it is going to do with its cash. maybe a special dividend. they have the cash to do it. i prefer them to grow with the money. this is a major bone of contention with the bulls. i think starbucks branching out is good. the bears, they seem to think that the coffee...
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Dec 24, 2012
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but u.s. shoppers may be running low on holiday spirit. and analysts say that they're spending less, as well. hi, everybody. welcome. merry christmas out there. thank you for joining us here on the show. what we're looking at today, we've got slightly quiet markets ahead of the u.s. open. what we're seeing, though, that all the markets are being called lower across the board stateside. the dow is being called a bit lower, nasdaq is being called a bit lower and the s&p 500 being called down by a bybit, as well. we saw markets coming off on friday stateside. pretty significant drops, as well, given that we now seem to be a clashing of heads between the republicans and the democrats in regards to moving forward on the fiscal cliff issue. it does seems as though they're running into logger heads here slowly before the last couple of days before the deadline to solve the fiscal cliff negotiations. the ftse 100, a couple of points higher at the moment. same going for the spanish market, the aex in t
but u.s. shoppers may be running low on holiday spirit. and analysts say that they're spending less, as well. hi, everybody. welcome. merry christmas out there. thank you for joining us here on the show. what we're looking at today, we've got slightly quiet markets ahead of the u.s. open. what we're seeing, though, that all the markets are being called lower across the board stateside. the dow is being called a bit lower, nasdaq is being called a bit lower and the s&p 500 being called down...
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Dec 20, 2012
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this is your best correlated trade to the u.s. housing recovery. i think you stay with it but you take your equity position now and move it into options. the potential is there if there is a larger entity that believes of playing the u.s. housing inregular it. >> at stock is trading at 52-week low, down 11%. hold it or fold it, stephanie? >> this should be the fast fire of the day. certainly for me. i was wrong on this name. the quarter was disappointing. i thought they would do a little built better on the margin side, a little better on the comp side. some of it was superstorm sandy related so i don't think it -- the stock is down about 3 -- 30%. i think housing could bail them out. >> first up, merck. >> the cholesterol drug failed a test. could take a big hit. >> and if it goes to 22, i'm a buyer of greenier. >> what a story aig has been this year. >> i think now that the government is out and they've sold aii. they have $11 billion here and you can focus on fundamentals? >> it's excellent for mid-couldn't fent refiners. >> and a pop for the go
this is your best correlated trade to the u.s. housing recovery. i think you stay with it but you take your equity position now and move it into options. the potential is there if there is a larger entity that believes of playing the u.s. housing inregular it. >> at stock is trading at 52-week low, down 11%. hold it or fold it, stephanie? >> this should be the fast fire of the day. certainly for me. i was wrong on this name. the quarter was disappointing. i thought they would do a...
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Dec 18, 2012
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yesterday, there was a report on u.s. sales on cigarette, even though they had 3% increase in prizes declined 3% and a challenging environment for cigarette sales, not a good story. >> drop for maple syrup. >> what? >> three burglars in canada were arrested for a massive maple syrup heist that affected the global supply. police weren't waffling where the robbery took place, took 10 million pounds of the sugary liquid and they now face conspiracy charges and trafficking. >> who was behind his? yogi bear? >> that's bad. ♪ >> who sings this song? >> like the kennedy family bootlegging mol las cess out of canada? that's old school. >>> coming up. >> they were cartoon characters. we've gone through this before. >> i must have blocked it out of my mind. >>> coming up next, the up to the minute updates in the oracle's conference call and still to come, we head into the ring for good classic street fights. stay tuned because the traders are lacing up their gloves and settling the score on bank of america. next. ♪ ...could end
yesterday, there was a report on u.s. sales on cigarette, even though they had 3% increase in prizes declined 3% and a challenging environment for cigarette sales, not a good story. >> drop for maple syrup. >> what? >> three burglars in canada were arrested for a massive maple syrup heist that affected the global supply. police weren't waffling where the robbery took place, took 10 million pounds of the sugary liquid and they now face conspiracy charges and trafficking....
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Dec 10, 2012
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i'd say own the entire u.s. stock market. or if you wish, with some seasoning from the emerges markets or the developed markets of the world. own the market, if you will. because that way you know you will capture almost all the market's return. you will not capture the market's return if you trade with one another because of that hump taken out of your market by wall street. >> do you have some specific advice for our viewers going into 2013? how would you invest for 2013? >> i would invest in 2013 the same way i did in 2012. and i'd invest the way in 2014 the same way in 2013 sfp. >> so the same thing is going to work over and over again? >> there are a lot of things that are going to surprise us in any period. always do, always have, always will. but if we just hang in there, get our asset allocation right, you're going to want some bonds. even at today's terrible interest rates. so today i'd lean toward corporate bonds or corporate bond index rather than government bonds. but some bonds, some stocks, general rule of them
i'd say own the entire u.s. stock market. or if you wish, with some seasoning from the emerges markets or the developed markets of the world. own the market, if you will. because that way you know you will capture almost all the market's return. you will not capture the market's return if you trade with one another because of that hump taken out of your market by wall street. >> do you have some specific advice for our viewers going into 2013? how would you invest for 2013? >> i...
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Dec 11, 2012
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. >> dan, i'll tell you what market should go higher in all of this, u.s. treasury market, if spending goes down and tax grab from the taxpayers going up, ie, government revenue, shouldn't that boost u.s. treasuries? >> boost prices? >> why not? >> certainly to the extent austerity is more vicious -- >> and the dollar. >> than is currently modelled, that would be optimistic for treasury market and currency market. listen, at the end of the day, this whole idea of the fiscal cliff, they are going to figure this out and kick the can down the road and give themselves nine months or a year to figure this out. it's not going -- this is not going to stick. is just simply not. >> dan, here is the problem. if they wait until fourth of july to get this done -- how long is the can? call it mamp when they get a deal done. if you don't know what your tax rate is going to be for 2013 and you're waiting for congress to make a deal, you're not going to spend as much money if you're in the group that's going to get whacked, you're going to sit on that and say i don't know
. >> dan, i'll tell you what market should go higher in all of this, u.s. treasury market, if spending goes down and tax grab from the taxpayers going up, ie, government revenue, shouldn't that boost u.s. treasuries? >> boost prices? >> why not? >> certainly to the extent austerity is more vicious -- >> and the dollar. >> than is currently modelled, that would be optimistic for treasury market and currency market. listen, at the end of the day, this whole...
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Dec 4, 2012
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we are looking for, you know, u.s. growth of 1 to 2% and primarily because, you know, housing is now in an upswing as opposed to a down swing. >> we have a graphic for our viewer ares, thanks to our team for getting done quick, i just came across it, bill, the average home size in the u.s., not amount biggest in the world but gone up 30% since 1973, the average new car is 30,000 dollars. college costs out of control but never how anything how incomes have gone up. if anything, stayed the same or gone down. how the hell are we affording all this stuff? >> that is a great point. i would suggest and point out, in terms of evidence, the corporate profits as a percentage of gdp are at historical highs, 12 to 13% of gdp. what you suggest in terms of wages as a percentage of gdp is correct. for the past 10, 15, 20 years, real terms, wages have not gone up, corporations in effect, been eating their seed corn, denigrating their consumer base and difficult going forward for them to sell product to a consumer base that has very l
we are looking for, you know, u.s. growth of 1 to 2% and primarily because, you know, housing is now in an upswing as opposed to a down swing. >> we have a graphic for our viewer ares, thanks to our team for getting done quick, i just came across it, bill, the average home size in the u.s., not amount biggest in the world but gone up 30% since 1973, the average new car is 30,000 dollars. college costs out of control but never how anything how incomes have gone up. if anything, stayed the...
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Dec 31, 2012
12/12
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the u.s. senate will meet at 11:00 a.m. eastern after lawmakers tried most of sunday to avoid a fiscal cliff. proposals moved back and forth including tying social security to the chained cpi index. aides say talks between harry reid and mitch mcconnell focus on extending middle class tax breaks and renewing unemployment benefits. president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would continue to tick down, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. >> the sticking point appears to be a willingness, and interest or frankly, the courage to close the deal. >> i will say this. i think that the republican leader has shown absolutely good faith. it's just that we are apart on some pretty big issues. >> i want everyone to know i'm willing t
the u.s. senate will meet at 11:00 a.m. eastern after lawmakers tried most of sunday to avoid a fiscal cliff. proposals moved back and forth including tying social security to the chained cpi index. aides say talks between harry reid and mitch mcconnell focus on extending middle class tax breaks and renewing unemployment benefits. president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend....
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Dec 12, 2012
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we need to see the u.s. as one of the great destinations of the world. >> i was recently at a competitor of yours. they had mark downs on warm weather clothes. >> cold weather clothing because of the heat, the warm weather is having issues. it is a small piece of our business. but hopefully it is going to get cold again. >> i have to tell you, i wish you the best of luck. it sounds like despite the plagues, things have been doing pretty well. this remains a very good call on if you believe the stock market is going to go higher. it's not all about the fiscal cliff. you heard it from the man. stay with saks, stay with cramer. >> coming up, are you ready to get charged up? cramer goes electric on a hyperactive lightning round. >>> it is time for the lightning round. play to this sound and then the lightning round is over. are you ready? i want to start with ed in pennsylvania. >> hello mr. cramer. booyah from pittsburgh. >> oh man, steeler nation what's up? >> my stock is cisco. >> cisco is the best house in a
we need to see the u.s. as one of the great destinations of the world. >> i was recently at a competitor of yours. they had mark downs on warm weather clothes. >> cold weather clothing because of the heat, the warm weather is having issues. it is a small piece of our business. but hopefully it is going to get cold again. >> i have to tell you, i wish you the best of luck. it sounds like despite the plagues, things have been doing pretty well. this remains a very good call on...
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Dec 21, 2012
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then, as hiring picks up in the u.s., could paychecks help you cash in? and with the housing market in full recovery, is it time to furnish your financials with ethan allen? they are the interviews you can't afford to miss, all coming up on "mad money." >>> don't miss a minute of "mad money." follow @jimcramer on twitter. tweet cramer #madtweets. send jim an e-mail or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. >>> our leaders in washington are constantly paying lip service to the importance of small business as they posture and generally do nothing constructive to reach a fiscal cliff deal. if the politicians really cared about small business, they would just stop talking right now and start listening to paychex, the leading payroll processing company that reported last night. they delivered inline earnings slightly weaker than expected revenues. it lowered its growth forecast down to the 2% to 3% range. paychex is paying you to wait for a term but i think washington is making you wait longer. so let's check in with the p
then, as hiring picks up in the u.s., could paychecks help you cash in? and with the housing market in full recovery, is it time to furnish your financials with ethan allen? they are the interviews you can't afford to miss, all coming up on "mad money." >>> don't miss a minute of "mad money." follow @jimcramer on twitter. tweet cramer #madtweets. send jim an e-mail or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. >>> our...
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Dec 20, 2012
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then, as hiring picks up in the u.s., could paychecks help you cash in? and with the housing market in full recovery, is it time to furnish your financials with eth ethan allen. there are the interviews you can't afford to miss, all coming up on "mad money." >>> don't miss a minute of "mad money." follow jim on twitter. send jim an e-mail or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> our leaders in washington are constantly paying lip service to the importance of small business. as a posture generally do nothing constructive to reach a fiscal cliff deal. if the politicians really cared about small
then, as hiring picks up in the u.s., could paychecks help you cash in? and with the housing market in full recovery, is it time to furnish your financials with eth ethan allen. there are the interviews you can't afford to miss, all coming up on "mad money." >>> don't miss a minute of "mad money." follow jim on twitter. send jim an e-mail or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. i always wait until the last minute. can i still...
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Dec 27, 2012
12/12
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u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take including suspending state and local government securities and investments in the federal employ
u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be...
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Dec 17, 2012
12/12
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the u.s. a little better. europe less bad. it's going to be an okay economic -- >> you get everything you want, fiscal cliffwise and we actually start tackling some of these long-term issues, you know diffident taxes are heading up. what -- is the market spring loaded so that if we get what we want it will be a really solid advance that we get? >> solid, look, joe, and in a muddle through economy solid is only a mid teen number. we're not going to get 30% gain. >> put the two years together we could have 30, if we get some of the things -- >> we had three straight years at 30. >> that was a different world. earnings were higher. they're flagging a bit now. >> if everybody gets what they want with this, even the corporations aren't suddenly unleashed, either, with all their corporate -- >> it's going to be slow. the linger of the debt wind-down and the residual issues. that takes years to unravel. >> we have not talked individual stocks. when you see what's happened with apple, what do you think? >> apple starting to have more
the u.s. a little better. europe less bad. it's going to be an okay economic -- >> you get everything you want, fiscal cliffwise and we actually start tackling some of these long-term issues, you know diffident taxes are heading up. what -- is the market spring loaded so that if we get what we want it will be a really solid advance that we get? >> solid, look, joe, and in a muddle through economy solid is only a mid teen number. we're not going to get 30% gain. >> put the two...
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Dec 17, 2012
12/12
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it operates 1700 convenience stores in primarily small towns in the u.s. in the past i've been hesitant because it faces margin pressures and up against a lot of competition. however, casey's had a nice run after a report of a solid quarter and the company could be reevaluating itself and maybe turn itself into a real estate investment trust. plus november same-store sales were strong. company's store remodeling, cost containment efforts starting to flow through to the bottom line. i think the current valuation is an intriguing entry point. i could see the stock trading up to 60, ten points above where it is now. sure, we'd like to see more of a return sign, but you know what? if you want to make a bet on casey's comeback, you can start a position, small position, right here. don't overstay your welcome if the stock does go to 60. let's me say this. all these ideas show me, once again, that we have the smartest viewers in the world who bring these to my attention. send someone a twitter was giving me heat, how could you not know northern tier? listen, ther
it operates 1700 convenience stores in primarily small towns in the u.s. in the past i've been hesitant because it faces margin pressures and up against a lot of competition. however, casey's had a nice run after a report of a solid quarter and the company could be reevaluating itself and maybe turn itself into a real estate investment trust. plus november same-store sales were strong. company's store remodeling, cost containment efforts starting to flow through to the bottom line. i think the...
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Dec 4, 2012
12/12
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core logic reporting u.s. home sales are up 6.3%. with fears of the fiscal cliff looms, are we out of the woods yet? are those worries prompting wealthy homeowners to sell ahead of possible tax changes? good to see everybody. robert, back in august you were the first to report the trend. now the race for homeowners to close before 2013 is heating up. just got a couple weeks left before the fiscal cliff. what's at stake here? >> for the wealthy homeowners and sellers, especially, it's a lot of money. if you have a $20 million or $had $30 million home, you're talking thousands in tax savings. the concern was this could add to inventory and possibly depress prices. you had wealthy people not just listing their homes in hopes of selling them this year but taking lower prices to avoid higher taxes. in fact, the housing market, especially at top, has been strong toward the ends of this year. i think some of those fears are now alleviated, especially with all the foreign money coming into places like miami and new york. i think if anything,
core logic reporting u.s. home sales are up 6.3%. with fears of the fiscal cliff looms, are we out of the woods yet? are those worries prompting wealthy homeowners to sell ahead of possible tax changes? good to see everybody. robert, back in august you were the first to report the trend. now the race for homeowners to close before 2013 is heating up. just got a couple weeks left before the fiscal cliff. what's at stake here? >> for the wealthy homeowners and sellers, especially, it's a...
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Dec 19, 2012
12/12
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the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swiss bank admitting to fraud, it paying bribes to brokers. and pervasive, they call it manipulation of libor by dozens of staff. the penalty was agreed to with u.s., u.k., and swiss regulators. it is more than three times the $450 million fine that was levied on barclays in june. the second largest fine ever on a paid -- paid by a bank. it only was topped by the $1.9 billion penalty that hsbc agreed to last week to settle that money laundering probe. >> crazy thing that stock's up. it's leading the exchange there today because people had been expecting maybe a slightly higher fine even than that. three times the amount. it was supposedly taking place for five to seven years, 30 to 40 traders have left. pretty pervasive. >> i wonder how much they -- they make money or lose money aft
the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swiss bank admitting to fraud, it paying bribes to brokers. and pervasive, they call it manipulation of libor by dozens of staff. the penalty was agreed to with u.s., u.k., and swiss regulators. it is more than three times the $450 million fine that was levied on barclays in...
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Dec 27, 2012
12/12
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harry reiry reid says the u.s. probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> coming up, we'll see how correct or in correct our predictions were for this year. we'll check in on commodities. we've also got
harry reiry reid says the u.s. probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello?...
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Dec 10, 2012
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they are battling for the number one in the u.s. mercedes leads by about 1800 vehicles. bmw has no payments for up to five months. those are the kinds of things we used to see from domestic auto makers six wsh seven years ago. bmw sales up 45% last month. mercedes knows bmw is coming on strong. they last led in sales in 1999. that's why they are latching deals bmw had out there. they need strong sales offsetting weakness in europe. what kind of sales are we looking at? greater than $4,000. increases you sigh at the bottom of the screen there, that's compared to last month. so expect november's deals to be even richer in december. finally, taking a look at bmw, mer say t mercedes, no comparison here. bmp pulled away with nice gains. 18% gain, tyler. if you play these guys off each other within, you will get a very rich deal. >> i may have to get out there and start looking. chrysler rehiring union workers it fired after very public embarrassing incident. why the turn around? >> a local television statement had videotape of these workers on a break looking like they were s
they are battling for the number one in the u.s. mercedes leads by about 1800 vehicles. bmw has no payments for up to five months. those are the kinds of things we used to see from domestic auto makers six wsh seven years ago. bmw sales up 45% last month. mercedes knows bmw is coming on strong. they last led in sales in 1999. that's why they are latching deals bmw had out there. they need strong sales offsetting weakness in europe. what kind of sales are we looking at? greater than $4,000....
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Dec 8, 2012
12/12
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and then next year we'll be in wholesale locations in the u.s. and about ten countries internationally. >> r.e.i. and eastern mountain sports, that kind of thing? >> yeah. companies like that. >> we've shipped these to now 70 countries around the world. and if you go onto our site or go on to youtube you'll see all the videos people are making about how they're using them in every language you can imagine. >> let's talk emerging markets. those people -- i talked to somebody who came back from cambodia. they said it's the strangest place in the world, everybody uses wood-burning fireplaces, it's the most dangerous thing, they're polluting the sky, but that's all they have. and they also have cell phones. but they're nowhere near able to charge them. >> i was in kenya not long ago and i was in a rural village, people living in traditional garb. i said how many of you have cell phones? every one of them have it. i said where's the electricity? 15 kilometers away. and when they walk there they pay 25 cents to get their cell phone charged. >> so this
and then next year we'll be in wholesale locations in the u.s. and about ten countries internationally. >> r.e.i. and eastern mountain sports, that kind of thing? >> yeah. companies like that. >> we've shipped these to now 70 countries around the world. and if you go onto our site or go on to youtube you'll see all the videos people are making about how they're using them in every language you can imagine. >> let's talk emerging markets. those people -- i talked to...
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Dec 18, 2012
12/12
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we're seeing u.s. continuing to grow, asia continuing to grow, not just china, but other parts of asia. india is a big percentage growth of a very small business and then parts of the middle east very strong. europe is much stronger for obvious reasons. but i think we have nice balance of growth around the world. >> so just on the middle east, i'm assuming that business in most areas of the middle east has been quite tough here over the past two years especially or are you seeing pockets continuing to grow despite the -- >> yeah. so uae in saudi has been very strong. but clearly egypt and places like syria have been affected. and we've defer natalie seen a reduction in the market. but less growth than we've seen in the past. but i think, again, over time, it's a wealthy part of the world. >> there's speculation that you could be selling somewhere in the region of $2 billion worth of assets in hong kong, london, new york, paris. are you? >> no, no. too much speculation. we have on the market a slight hi
we're seeing u.s. continuing to grow, asia continuing to grow, not just china, but other parts of asia. india is a big percentage growth of a very small business and then parts of the middle east very strong. europe is much stronger for obvious reasons. but i think we have nice balance of growth around the world. >> so just on the middle east, i'm assuming that business in most areas of the middle east has been quite tough here over the past two years especially or are you seeing pockets...
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Dec 19, 2012
12/12
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buying back 20 million shares of stock from the u.s. treasury. that's all of us. the government needs to sell 300 million shares it still holds at $70 a piece to break even on the 49.5 billion bail yut. we asked you, viewers, whether you thought the bailout was worth it. here is what you said. it saved gm and industry a lot of jobs. 32% say that. no, it cost taxpayers billions. and 23% say we have turned into a bailout nation. what do you think, boys? >> i think, look, what is the cost of this? i think $49 billion. they are obviously losing money if they sell it at $27. the break even was 50-something if they sold all the shares. they will lose money. what is the cost of letting a million jobs go? i don't know. john, what do you think? >> i think this is surprising for a lot of people. we are definitely losing money on this deal. we are losing anywhere from 9 billion to 13 billion. but if you think about how much jobs they say that saved, about, they say a million jobs, that is about $13,000 a job. we would have paid more than that in unemployment for all these pe
buying back 20 million shares of stock from the u.s. treasury. that's all of us. the government needs to sell 300 million shares it still holds at $70 a piece to break even on the 49.5 billion bail yut. we asked you, viewers, whether you thought the bailout was worth it. here is what you said. it saved gm and industry a lot of jobs. 32% say that. no, it cost taxpayers billions. and 23% say we have turned into a bailout nation. what do you think, boys? >> i think, look, what is the cost of...
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Dec 24, 2012
12/12
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in the new year, the u.s. will find more ways to utilize or export this cheaper, cleaner fossil fuel, and the increase in demand will set the stage for the continuation of rising prices. >> it's been a wild ride for oil this year. oil prices fluctuating because of a lot of stuff in the middle east, also america's growing energy independence. what can we expect from energy in 2013? joining us from london is jason from european oil and gas research at mccard securities. i'm going to ask you an overall question, jason, and i don't know how you answer this, but, for investors, that are looking at a way to play energy, i mean, is it going to be basically hydro carbon based? are we back to that where it's either natural gas or oil exploration or some facet of that? >> i certainly think so. i think that did we're looking for trends in 2013, you know, the potential re-emergence of higher natural gas prices could be there. we think it's going to take some time for that to happen. i think the trend in 2013 is going to b
in the new year, the u.s. will find more ways to utilize or export this cheaper, cleaner fossil fuel, and the increase in demand will set the stage for the continuation of rising prices. >> it's been a wild ride for oil this year. oil prices fluctuating because of a lot of stuff in the middle east, also america's growing energy independence. what can we expect from energy in 2013? joining us from london is jason from european oil and gas research at mccard securities. i'm going to ask you...
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Dec 24, 2012
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so you've got the fundamentals of a pretty good economy in the u.s. if we don't do things that are self-inflicted but that's what we're doing. >> right. ultimately that is what we're faced with. we're faced with fiscal forces that could undo a lot of that. but rick makes a good point with the volatility. we were voting on t.a.r.p. which would produce liquidity for the market. we have the backdrop of that. so i think these initial bursts, you know, they're not going to be as volatile as that time period but i still think we could pick up steam. look, ultimately if we start a trend lower, we saw volatility after the presidential election. we saw what happened, a thousand points came off the dow at a very short period of time. i think people are being lulled into complacency starting to think, well, we don't have that. it is not like it was. it could very well be very quickly. so again, i'm not trying to cry wolf. what i'm trying to say is people should be prepared. selling is not this evil thing. this protection, making sure they have levels at which th
so you've got the fundamentals of a pretty good economy in the u.s. if we don't do things that are self-inflicted but that's what we're doing. >> right. ultimately that is what we're faced with. we're faced with fiscal forces that could undo a lot of that. but rick makes a good point with the volatility. we were voting on t.a.r.p. which would produce liquidity for the market. we have the backdrop of that. so i think these initial bursts, you know, they're not going to be as volatile as...
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Dec 6, 2012
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joining us is u.s. leader of m&a practice at pricewaterhouse which is forecasting sustaineded activity. what impact is the fiscal cliff having? >> it's impacting the level of activity in the final quarter of 2012. we are seeing acceleration. if we look at volume and values of deals in october and november, we popped up 10%, 15% above the average after the previous nine months. so i think if you were contemplating the deal between september of this year and march of next, the likelihood is you'll try to pull it forward to try to take advantage of the capital gains tax certainlily. >> so if you're rushing through this year, there will be a lull in the first quarter. >> yeah. i agree. i think we will potentially see a lull in the first quarter. but on the assumption that we do get past the fiscal cliff with successful resolution, which i think we're all optimistic we will, i think fundamentals are strong. we have corporate balance sheets still strong. we have private equity with a lot of available cash. an
joining us is u.s. leader of m&a practice at pricewaterhouse which is forecasting sustaineded activity. what impact is the fiscal cliff having? >> it's impacting the level of activity in the final quarter of 2012. we are seeing acceleration. if we look at volume and values of deals in october and november, we popped up 10%, 15% above the average after the previous nine months. so i think if you were contemplating the deal between september of this year and march of next, the...
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Dec 5, 2012
12/12
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so if the u.s. puts in austerity as you say, then that is going to drag on the economies around the rest of the world. and you're looking at, i think, more concerns, and that could go back to the dollar, surprisingly. >> kevin, why don't we talk about oil prices? we did see oil touch above $90 last week at the end of the week. but it was a very brief move, this morning back down around $88. what's driving things right now? is it geopolitical or more of a story about what's happening in economies around the world? >> merry fiscal cliff-mas to you. you're going to see more bouncing like a yo yo, on the fundamental story, the models we have pointing going into 1q, the reason, it sort of rhymes in the spirit of the season. you have non-opec demand growing, global demand slowing, it's not snowing, and down is where we're going. the next big data point is probably the iaea report in february. and if that implicates more progress toward an iranian bomb, there's significant risk to look to the upside. in th
so if the u.s. puts in austerity as you say, then that is going to drag on the economies around the rest of the world. and you're looking at, i think, more concerns, and that could go back to the dollar, surprisingly. >> kevin, why don't we talk about oil prices? we did see oil touch above $90 last week at the end of the week. but it was a very brief move, this morning back down around $88. what's driving things right now? is it geopolitical or more of a story about what's happening in...
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Dec 26, 2012
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only can the u.s. government, i take that back, only can government, period, including the u.s. government turn a detour into a four-lane highway, okay? let's talk about infusion. governments tried to create faux guarantees when they set up the gses when they created the structure of special financing and faux guarantees whether they were applied or assumed, we all know how it turned out. taxpayers ended up getting the bill when government took over the space. and then we get all the faux guarantees of fixing the original faux guarantees as the intrusion really did get worse. i take you back to september of 2008 when the gses were put in the conservatorship and then treasury secretary paulson said the following quote. i attribute the need for today's action, talking about conservatorship, primarily to the inherent conflict and flawed business model embedded in the gse government sponsored enterprise structure and to the ongoing housing correction. well, first of all, how many experts have we had on lately that have said housing is doing much better. today's kate shiler seems to
only can the u.s. government, i take that back, only can government, period, including the u.s. government turn a detour into a four-lane highway, okay? let's talk about infusion. governments tried to create faux guarantees when they set up the gses when they created the structure of special financing and faux guarantees whether they were applied or assumed, we all know how it turned out. taxpayers ended up getting the bill when government took over the space. and then we get all the faux...
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Dec 1, 2012
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so 350 million u.s. dollars go through the ariba network each and every day, but it's an addressable market of 8 trillion u.s. dollars. so you're connecting buyers and sellers in a global business network. what does that do for the customer? i got everybody competing for my business. i'm going to get a lower price point. >> okay. i get that. now, our friend peter mcclausen, i'm sure you know, he brought in sap and we were always anxious to have it done fast. we made a series of acquisitions. sometimes they just can't call you and have it be done in a day, can they? >> here's the deal. the days of eld old implementat have radically changed. why? because you can put it on the cloud. so many companies today are going to innovate at the edge of the enterprise for their people, their suppliers, their customers or their money. and they'll innovate on the edge of the enterprise in the cloud. or some company, small, mid size as an example and some large once will run their entire company, either a public or priv
so 350 million u.s. dollars go through the ariba network each and every day, but it's an addressable market of 8 trillion u.s. dollars. so you're connecting buyers and sellers in a global business network. what does that do for the customer? i got everybody competing for my business. i'm going to get a lower price point. >> okay. i get that. now, our friend peter mcclausen, i'm sure you know, he brought in sap and we were always anxious to have it done fast. we made a series of...
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Dec 12, 2012
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i think the u.s. has a long way to go before the markets lose confidence in them. >> kayla, did they address that in terms of what the catalyst would be for determining when that trade would be put on? >> no, melissa, they really didn't. they said, you'll know it when you feel it and the point was, everyone is really looking at dalio, because he's been right in the past and he's a guy that can't put his finger on it. he feels which way the wind is blowing, but he said late 2013. everyone was latching and they said, we're going to call you and see if you still agree with that. >> if only we had a finger like ray dalio, we could all be millionaires. kayla, thank you. all right, b.k., would you be looking to put that trade on yourself? >> not not. in fact, i bought some tips today and i think that's the way to do that. if you get inflation protection but in case this whole thing doesn't work, you get deflation protection, because the principle is protected. one of the best trades out there. >> fast or fi
i think the u.s. has a long way to go before the markets lose confidence in them. >> kayla, did they address that in terms of what the catalyst would be for determining when that trade would be put on? >> no, melissa, they really didn't. they said, you'll know it when you feel it and the point was, everyone is really looking at dalio, because he's been right in the past and he's a guy that can't put his finger on it. he feels which way the wind is blowing, but he said late 2013....
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Dec 19, 2012
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that's how much it's estimated that the u.s. health care system throws away on just unnecessary care, wasteful spending and downright fraud. take this back brace, for example, medicare pays over $900 for a product that you could find online for less than $250. >> well, this is all according to a new government report, and while this may seem like one small example, it all adds up. first a question of what your tax dollars are paying more and there's only so much wasteful spending that can be cut. diane, first to you. how in the world can this happen? how does medicare not know what in the world they are paying for? >> well, i think that when you have a government program providing all these things it's very difficult to get costs down. that's why it's important to have competition among providers of medicare, like with the federal employee health benefits plan so seniors can choose a particular plan within medicare, a plan pre-approved by the government. they all compete for seniors. they all compete for seniors' business. that
that's how much it's estimated that the u.s. health care system throws away on just unnecessary care, wasteful spending and downright fraud. take this back brace, for example, medicare pays over $900 for a product that you could find online for less than $250. >> well, this is all according to a new government report, and while this may seem like one small example, it all adds up. first a question of what your tax dollars are paying more and there's only so much wasteful spending that can...
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Dec 28, 2012
12/12
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and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence next year. >> let's say your focus is more on the united states right? if you're buying stocks, you believe your thesis that we're going to get to 1550 at a minimum consumer discretionary is tops on your list the second best performing sector this year behind financials. you think that continues to work why? >> we've seen profit taking on the cliff but by the same token this is an area that has the most to gain if we get a cliff deal and that is our base case. we also like industrials. there we don't think the china recovery and the better tone in europe are fully priced. industrials traded at market multiple. we think when it is a risk on pro cyclical environment you should see industrials trade at a bit of a premium to the market. >> why wouldn't you say financials? where are financials on your list? that would be a sector i would look at. >> i'll be honest
and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence next year. >> let's say your focus is more on the united states right? if you're buying stocks, you believe your thesis that we're going to get to 1550 at a minimum consumer discretionary is tops on your list the second best performing sector this year behind financials. you think that continues to work why? >> we've seen profit taking on the cliff...
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Dec 21, 2012
12/12
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u.s. today. details on how it will affect your holiday travel, right after this. >> announcer: before the hit the road, here is your traveler's check. when employees head out on business travel, where are they spending their company's money? according to certify, an expense reporting company, their data revails that the most expensed airline, delta. and hotel? hilton. what is the most popular restaurant for employee expenses? find out, next. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. whe
u.s. today. details on how it will affect your holiday travel, right after this. >> announcer: before the hit the road, here is your traveler's check. when employees head out on business travel, where are they spending their company's money? according to certify, an expense reporting company, their data revails that the most expensed airline, delta. and hotel? hilton. what is the most popular restaurant for employee expenses? find out, next. [ male announcer ] you are a business pro....
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Dec 3, 2012
12/12
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pension funds in the u.s. are trying to manage the volatility of the funding levels, generating return. think of where the average u.s. pension fund is trying to again rate a return from 6.5% to 8%. >> it's not so much that they're concerned about a looming tax hike that might affect their portfolios as it is about the uncertainty that the cliff represents, that chinese economy represents, and that europe represents. >> totally. so they have two decisions. on the risk hedging they have to look where yield is going worldwide. that's the price of ensuring their liabilities. at the same time diversification is the other avenue, generating return. rather than awarding historically high allocations toward equities, move towards alternatives. >> not necessarily bonds -- >> i would say absolutely. on bonds it could be high yield investment grade bonds. it could be emerging market debt but it is more about diversifying away from the traditional allocation to i would say developed market equities. >> let me ask a quest
pension funds in the u.s. are trying to manage the volatility of the funding levels, generating return. think of where the average u.s. pension fund is trying to again rate a return from 6.5% to 8%. >> it's not so much that they're concerned about a looming tax hike that might affect their portfolios as it is about the uncertainty that the cliff represents, that chinese economy represents, and that europe represents. >> totally. so they have two decisions. on the risk hedging they...
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126
Dec 13, 2012
12/12
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u.s. first, europe second. and i think there is more beyond with the government having an emerging plan. this is just taking a long period of time and i think that will continue on to next year. >> a very interesting guy, robert kapito. you just heard him say that his choices in order were u.s., then emerging markets, then europe. if you were to follow that advice and put money into the u.s. market, give me a couple of names would you look for for 2013. >> first of all, you want to buy names that cater to all of us that have less money. let's talk about one of those names. mcdonald's and costco. mcdonald'scaters to a letter budget crowd. obviously they have a huge emerging market expansion as well. and they seem to be capturing market share from starbucks. they've enrolled in juices and try to capture market share from jamba juice. >> a horrible luxury. not a luxury. but affordable food. >> correct. now let's go to affordable food. costco, you go to the back and there's the milk. but you have to go through the
u.s. first, europe second. and i think there is more beyond with the government having an emerging plan. this is just taking a long period of time and i think that will continue on to next year. >> a very interesting guy, robert kapito. you just heard him say that his choices in order were u.s., then emerging markets, then europe. if you were to follow that advice and put money into the u.s. market, give me a couple of names would you look for for 2013. >> first of all, you want to...
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Dec 13, 2012
12/12
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. >> on luxury, the big thing for me is china's not 25% of the global luxury goods market and the u.s. is 20%. china is growing as a luxury buyer. and although their falloff, tiffany's had high profile warnings base and weaker china, they're going to grow % next year and on top of that the following year. how do you call it quilts here? >> the power gauge is my guide here. china retail sales were up 15% recently. that came out of the blue. you have to go with a disciplined approach to the stocks. if the power gauge is bearish, and it's not bearish on all, but if the power gauge is bearish, i think this is a great place to raise cash. >> we're showing charts and the gauges for tiffany as well as coach and they are very l leveraged to china. >> no doubt. >> the negative power gauge there. there is one stock that you brought with you, mark, that is positive in terms of the power gauge, and that is yahoo!, a pick of steve's for a long time. >> i like it for some of the same reasons. but the key here is they are hiring engineers. they bought on the air and the reason is they know these eng
. >> on luxury, the big thing for me is china's not 25% of the global luxury goods market and the u.s. is 20%. china is growing as a luxury buyer. and although their falloff, tiffany's had high profile warnings base and weaker china, they're going to grow % next year and on top of that the following year. how do you call it quilts here? >> the power gauge is my guide here. china retail sales were up 15% recently. that came out of the blue. you have to go with a disciplined approach...
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252
Dec 27, 2012
12/12
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>> light in the u.s. unless the politicians actually start working, some are going to show up today and they do something. then they are going to start talking, trying to put out headlines, try to outdo each other, talk to guys like carl, gals like you and try to say, hey, look at me, i'm fixing everything, then you will see markets move a little bit. >> in terms of the volatileity, we have seen volatility remain extremely low. granted, we are in a holiday-short and week, therefore it is artificially depressed, higher than we are seeing it now, at 19 and change or so. what do you account for the complacency in the market, remained in the market most of the month of december, as we are nearing the deadline? >> you have two competing things, guys who made money and don't want to risk it and guys that missed the move and are frustrated they are not going to get n the retail investor is not really participating, a lot of the funds respect playing right now either, they will wait until next week. >> i know a l
>> light in the u.s. unless the politicians actually start working, some are going to show up today and they do something. then they are going to start talking, trying to put out headlines, try to outdo each other, talk to guys like carl, gals like you and try to say, hey, look at me, i'm fixing everything, then you will see markets move a little bit. >> in terms of the volatileity, we have seen volatility remain extremely low. granted, we are in a holiday-short and week, therefore...